Binance Continues Terra Luna Classic Token Burn Amid Market Challenges

Binance has executed its fifth Terra Luna Classic (LUNC) token burn this month, destroying 24,853 tokens and bringing its total burns to 73.04 billion LUNC—17.8% of the community's total. The broader Terra Classic community has eliminated 411.17 billion tokens to date. Despite a recent 200 million LUNC single-day burn, one of the largest reductions, the token's price continues to face downward pressure. This ongoing effort highlights Binance's commitment to reducing supply and supporting the Terra Luna Classic ecosystem, even as market conditions remain challenging.

Binance Conducts Fifth Terra Luna Classic Token Burn Amid Price Slump

Binance executed its fifth Terra Luna Classic (LUNC) token burn this month, sending 24,853 tokens to a burn address. The exchange has now eliminated 73.04 billion LUNC from circulation—17.8% of the community's total burns—while the broader Terra Classic community has destroyed 411.17 billion tokens to date.

Despite Wednesday's 200 million LUNC single-day burn, one of the largest recent reductions, the token's price remains depressed. Market attention now shifts to Berlin's Cosmos InterChain Summit, where Terra Luna Classic developers may unveil critical protocol updates.

CZ Warns of AI Deepfake Threat After Top Crypto Influencer Hacked

Former Binance CEO Changpeng Zhao (CZ) has issued a stark warning about the rising threat of AI-powered deepfake scams in the cryptocurrency space. The alert follows a high-profile hack targeting Japanese crypto influencer Mai Fujimoto, who fell victim to a sophisticated attack after joining what appeared to be a legitimate Zoom call with a compromised contact.

The assailants used a deepfaked version of Fujimoto's acquaintance to manipulate her into clicking a malicious link, leading to unauthorized access to her Telegram and MetaMask accounts. This incident underscores a growing trend of AI-driven cybercrime, with North Korean-linked groups like BlueNoroff reportedly employing similar tactics.

CZ emphasized the diminishing reliability of traditional verification methods, including video calls, and urged users to exercise extreme caution with software installations from unverified sources. The crypto community faces an escalating arms race against increasingly convincing digital impersonations.